South Korean Court Don Comot Upbit Ban For Sometime As Dem Dey Quarrel About Rules
One South Korean court don comot the temporary ban wey dem put on Upbit, and this one go allow dem to dey collect new users as legal wahala still dey go on. At first, Financial Intelligence Unit (FIU) ban Upbit because dem say dem do things wey no follow rule, like say dem no follow Know Your Customer (KYC) rule well and dem dey do business with foreign exchange wey no register. Dunamu, wey be Upbit oga company, carry the ban go court, and the court say dem go hold the service suspension until 30 days after dem give final judgement. The South Korean crypto community like this news well well, because e dey make things easy for one of the biggest exchange for the country. But nobody know how e go end, and this one show the wahala wey crypto business dey face for South Korea because of government rules.
Neutral
Di temporary lifting of ban wey dey ontop Upbit bring short-term wey go make operation dey easy, wey go make di exchange fit dey carry new clients come on board, wey fit make their trading activity dey stable. But, since di legal result still dey on hold, market pipo go still dey careful for long-term. Traders fit dey wait and watch, dey expect di final judgement, wey go make di market dey neutral. For history, regulation wey dey develop like dis don show mixed influence, wey dey depend on how di regulation go end up.